India, June 26 -- Oil prices fell back near levels last seen in late February on Friday amid easing supply concerns.
Brent crude prices fell nearly 4 percent toward $72 a barrel, reversing the previous session's gains after a Singapore-flagged cargo ship came under attack while transiting the Strait of Hormuz. WTI crude futures were down 3.8 percent at $69.20.
A cargo vessel was attacked off Oman, raising fresh security concerns and threatening maritime trade. The incident raised concerns that Iran is seeking to exert greater control over traffic in the Strait of Hormuz.
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